Reported 8 months ago
Chinese senior traders have been puzzled as copper prices surged amidst China's economic downturn. The bullish bets of Western hedge funds clashed with the Chinese market's gloomy outlook, leading to losses for some traders who underestimated international speculative buying. The tension between bullish fund managers and cautious Chinese purchasers in the copper market continues, with the outcome likely hinging on Chinese demand trends affecting future copper prices.
Source: YAHOO